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The retail apocalypse refers to the closing of numerous brick-and-mortar retail stores in the United States, especially those of large chains, beginning around 2010 [2] [3] and accelerating due to the mandatory closures during the COVID-19 pandemic. In 2017 alone, more than 12,000 physical stores closed.
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
Both stores were permanently closed in early 2021. A new stand alone location was later opened in the American Dream Mall in New Jersey. On August 19, 2021, Macy's bought Toys "R" Us and announced they will be opening store-within-a-store locations in 400 Macy's locations. Warner Bros. Studio Store – stores closed in 2001 [71] [187]
In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight. Retailers closed a record 9,800 stores in 2019. Payless, Gymboree, Charlotte Russe and Shopko all filed for ...
After decades of decline, Kmart has closed its final full-scale U.S. store in Bridgehampton, NY, marking the end of a retail giant. Learn more about Kmart's legacy and its impact on American ...
All 60 Cath Kidston stores to close after collapse. [95] On April 30, Oasis and Warehouse permanently close all their stores and online shopping with the loss of more than 1,800 jobs. [96] Sharon White, John Lewis boss, hints that some of their shops may not re-open after the pandemic. [97] Debenhams files for administration [98]
Convenience stores like 7-Eleven are shutting down, too. Blame it on what people are calling the "retail apocalypse." COVID-19 may have kick-started it, but this isn't just a pandemic problem.
Shopko (stylized as SHOPKO, formerly stylized as ShopKo) was a chain of department stores based in Green Bay, Wisconsin. All locations closed on June 23, 2019, with the exception of the Shopko Optical locations, [3] which continue to operate. The company was founded in 1962 by James Ruben as ShopKo Corporation (with upper-case "K"). It opened ...